The Bear Company collected the following monthly information on units produced and electricity costs: Month Units produced Electricity costs January $$50,000 $78,000 February $48,000 $74,500 March $47,000 $72,000 April $54,000 $81,000 May $58,000 $86,000 $79,500 June $53,000 Using the high-low method, prepare an estimate of electricity costs for July, assuming 53,500 units are expected to be produced in July.

The Bear Company collected the following monthly information on units produced and electricity costs: Month Units produced Electricity costs January $$50,000 $78,000 February $48,000 $74,500 March $47,000 $72,000 April $54,000 $81,000 May $58,000 $86,000 $79,500 June $53,000 Using the high-low method, prepare an estimate of electricity costs for July, assuming 53,500 units are expected to be produced in July.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...

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